BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) Short Interest Up 48.6% in December

BondBloxx Private Credit CLO ETF (NASDAQ:PCMM) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 23,811 shares, a growth of 48.6% from the December 15th total of 16,025 shares. Based on an average trading volume of 15,926 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 15,926 shares, the days-to-cover ratio is currently 1.5 days.

BondBloxx Private Credit CLO ETF Stock Performance

Shares of PCMM stock remained flat at $50.22 on Friday. 34,688 shares of the stock traded hands, compared to its average volume of 43,281. BondBloxx Private Credit CLO ETF has a 1 year low of $48.38 and a 1 year high of $52.02. The company’s fifty day moving average price is $50.18 and its 200-day moving average price is $50.39.

BondBloxx Private Credit CLO ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, January 5th. Shareholders of record on Tuesday, December 30th were issued a $0.2769 dividend. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date was Tuesday, December 30th. This is a positive change from BondBloxx Private Credit CLO ETF’s previous monthly dividend of $0.26.

Institutional Trading of BondBloxx Private Credit CLO ETF

Several institutional investors have recently made changes to their positions in PCMM. Envestnet Asset Management Inc. purchased a new position in BondBloxx Private Credit CLO ETF during the second quarter worth about $711,000. Balance Wealth LLC raised its stake in shares of BondBloxx Private Credit CLO ETF by 26.0% in the 3rd quarter. Balance Wealth LLC now owns 63,135 shares of the company’s stock valued at $3,193,000 after acquiring an additional 13,030 shares during the period. Wolff Wiese Magana LLC acquired a new position in shares of BondBloxx Private Credit CLO ETF in the 3rd quarter worth approximately $971,000. Thrivent Financial for Lutherans purchased a new position in shares of BondBloxx Private Credit CLO ETF during the 2nd quarter worth approximately $3,027,000. Finally, Orion Porfolio Solutions LLC increased its holdings in BondBloxx Private Credit CLO ETF by 72.7% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 114,332 shares of the company’s stock valued at $5,760,000 after purchasing an additional 48,127 shares during the last quarter.

BondBloxx Private Credit CLO ETF Company Profile

The BondBloxx Private Credit CLO ETF (PCMM) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that seeks capital preservation and current income. The fund invests in a pool of loans to private, middle market companies PCMM was launched on Dec 2, 2024 and is issued by BondBloxx.